a. Deferred annuities
b. Period certain annuities
c. Variable annuities
d. Joint life annuities
a. Deferred annuities
b. Period certain annuities
c. Variable annuities
d. Joint life annuities
designed to generate a steady cash flow and long term financial security mean
We have very low risk tolerance. Given our savings horizon and the volatile down market how could annuity companies have the ability to pay if holders where forced to annuitize?
If I invest $10000 in a Variable annuity backed by a mutual fund that goes down after N yrs to $0 (for the sake of theory). Do I still get payouts?
for generating higher amount of money for immediate spending.
I’m having trouble with my math homework, could someone please explain to me how to get the answer, and possibly the answer to some of these questions please help ty!!
1) Find the future value (FV) of the ordinary annuity, $125 monthly payment, 5% interest, 1 year. (Round your answer to the nearest cent.)
2) Find the future value (FV) of the ordinary annuity, $180 monthly payment, 6.75% interest, 14 years. (Round your answer to the nearest cent.)
3) Find the monthly payment (pymt) that will yield ordinary annuity $95,000 at interest 10% for 30 years. (Round the answer to the nearest cent.)
4) Find the monthly payment (pymt) that will yield ordinary annuity $255,000 at interest 10% for 43 years. (Round the answer to the nearest cent.)
5) Toni Torres wants to save $1,100 in the next two years to use as a down payment on a new car. If her bank offers her 10% interest, what monthly payment (pymt) would she need to make into an ordinary annuity to reach her goal? (Round cent)
Also,
6) Fred and Melissa Furth’s daughter Sally will be a freshman in college in six years. To help cover their extra expenses, the Furths decide to set up a sinking fund of $13,000. If the account pays 8.3% interest and they wish to make quarterly payments, find the size of each payment (pymt). (Round the answer to the nearest cent.)
Thanks very much.
what are annuities? what is the difference between Life Insurance and Annuities?What is the life cycle of Life Insurance?
thanks 4 ur response to my question.
I would like to know the complete life cycle(starting from Purchasing a product to end of the product) of a life insurance.
advantages and disadvantages of annuitiy products ?
different types of annuities ?